Brilliant Earth Group, Inc. (NASDAQ:BRLT) Receives Consensus Rating of “Reduce” from Analysts

Brilliant Earth Group, Inc. (NASDAQ:BRLT) has earned a consensus recommendation of “Reduce” from the eight ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $1.7375.

Separately, Weiss Ratings cut shares of Brilliant Earth Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, June 25th.

Institutional Investors Weigh In On Brilliant Earth Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Brilliant Earth Group by 13.2% during the third quarter. Vanguard Group Inc. now owns 605,770 shares of the company’s stock worth $1,254,000 after buying an additional 70,833 shares during the last quarter. Capital World Investors increased its stake in shares of Brilliant Earth Group by 13.2% in the 3rd quarter. Capital World Investors now owns 1,052,309 shares of the company’s stock valued at $2,178,000 after acquiring an additional 122,460 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of Brilliant Earth Group in the 3rd quarter valued at about $81,000. Two Sigma Investments LP acquired a new stake in shares of Brilliant Earth Group in the 3rd quarter valued at approximately $308,000. Finally, Virtu Financial LLC acquired a new stake in shares of Brilliant Earth Group in the 3rd quarter valued at approximately $32,000. Institutional investors own 70.41% of the company’s stock.

Brilliant Earth Group Trading Up 0.9%

Shares of NASDAQ:BRLT traded up $0.01 during trading on Friday, hitting $1.17. 25,126 shares of the company’s stock were exchanged, compared to its average volume of 80,883. The firm has a market cap of $118.30 million, a P/E ratio of -3.77 and a beta of 1.37. The firm has a 50-day moving average price of $1.21 and a two-hundred day moving average price of $1.40. Brilliant Earth Group has a 1-year low of $1.00 and a 1-year high of $3.10.

Brilliant Earth Group (NASDAQ:BRLT) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). Brilliant Earth Group had a negative net margin of 0.71% and a negative return on equity of 18.23%. The business had revenue of $99.50 million for the quarter, compared to analyst estimates of $98.16 million. As a group, research analysts predict that Brilliant Earth Group will post -0.04 EPS for the current year.

Brilliant Earth Group Company Profile

Brilliant Earth Group, Inc (NASDAQ: BRLT) is a specialty retailer of ethically sourced fine jewelry, with a focus on conflict-free diamonds and lab-grown gemstones. The company offers a broad range of products that include engagement rings, wedding bands, necklaces, earrings and bracelets, all crafted with a commitment to environmental sustainability and social responsibility. Customers can choose from a variety of materials such as recycled precious metals, responsibly sourced gemstones and innovative lab-grown diamonds.

Operating primarily through its e-commerce platform and a network of branded showrooms across major U.S.